June 19, 2020/Cowry Asset

In the just concluded week, the Central Bank of Nigeria (CBN) depository corporations survey showed a 0.19% month-on-month (m-o-m) rise in Broad Money Supply (M3 money) to N35.70 trillion in April 2020.

This resulted from a 1.87% increase in Net Domestic Assets (NDA) to N29.78 trillion but partly offset by a 7.52% decrease in Net Foreign Assets (NFA) to N5.92 trillion.

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